Great news for the New Haven County area, Scott (Loan Officer) just passed this information on to us regrading rates in Milford CT.

” Please review the new FHA loan limits in New Haven County, this increase is great news for buyers with less than perfect credit and looking to put little money down! Also, the Federal Legislature has past a bill stating that Mortgage Insurance will remain a tax deduction until 2010 at least. To go with the new limits FHA rates are as good if not better than Conventional rates at this time.”

If you have any questions or would like more information on FHA any of this information or FHA in general please feel free to give Scott a call.

MSA Name MSA Code – 353000 – One-Family- $294,500
NEW HAVEN- Two Family – $331,700
MILFORD CT Three Family -$403,000
Last Revised 01/01/2008 Four Family – $465,000

The National Center for Healthy Housing (Formerly the National Center for Lead-Safe Housing) was founded as a nonprofit organization in October 1992, to bring the public health, housing, and environmental communities together to combat our nation’s epidemic of childhood lead poisoning. As the National Center for Healthy Housing it continues its important role in reducing children’s risk of lead poisoning and has expanded its mission to help to decrease children’s exposure to other hazards in the home including biological, physical, and chemical contaminants in and around the home.The following checklist was developed for the Healthy Homes Training Center and Network as a tool for healthy home Maintenance Healthy Home Maintenance Checklist.

In days past buying your dream home in a fantastic location near the water in Milford CT was the prime motivation. What a great decision you made, you got to enjoy a wonderful lifestyle and your property appreciated significantly. That property value appreciation combined with the effects of recent hurricane seasons has changed the way people, insurance companies and banks evaluate properties.

There are two key pieces of information that you should know and the buyer will ask for: What is the Flood Risk and what is the elevation of the structure and key aspects of the building. The flood risk can be assessed three ways, one going to town hall, second visit the FEMA website FloodSmart.gov: What’s Your Flood Risk?, the third is to ask your Insurance Agent. FloodSmart.gov provides a wealth of information including premium estimates. To understand how FEMA assesses a particular street visit the FEMA site http://www.fema.gov/hazard/flood/index.shtm click on Flood Maps and then enter your street address, City and State. See definitions below. Flood insurance is one very important concern and another is Hurricane Underwriting, there are a number of firms who have stopped this coverage entirely. For more information on Flood Insurance pleae visit our website;